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        <name>Boeing Co/The</name>
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        <name>Cboe Global Markets Inc</name>
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        <name>CDW Corp/DE</name>
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        <name>CF Industries Holdings Inc</name>
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      <invstOrSec>
        <name>Deere &amp; Co</name>
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      <invstOrSec>
        <name>Diamondback Energy Inc</name>
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        <name>Dominion Energy Inc</name>
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        <name>EOG Resources Inc</name>
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        <name>Entegris Inc</name>
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        <name>Equifax Inc</name>
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        <name>Equinix Inc</name>
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        <name>Equitable Holdings Inc</name>
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        <name>Exxon Mobil Corp</name>
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        <name>Meta Platforms Inc</name>
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        <name>Fifth Third Bancorp</name>
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        <name>Fiserv Inc</name>
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        <name>General Electric Co</name>
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        <name>Halliburton Co</name>
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        <name>Honeywell International Inc</name>
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        <name>Huntington Bancshares Inc/OH</name>
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      <invstOrSec>
        <name>Intel Corp</name>
        <lei>KNX4USFCNGPY45LOCE31</lei>
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      <invstOrSec>
        <name>International Paper Co</name>
        <lei>824LMFJDH41EY779Q875</lei>
        <title>INTERNATIONAL PAPER CO COMMON STOCK USD1.0</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>JPMorgan Chase &amp; Co</name>
        <lei>8I5DZWZKVSZI1NUHU748</lei>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Johnson &amp; Johnson</name>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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      <invstOrSec>
        <name>Kenvue Inc</name>
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        <assetCat>EC</assetCat>
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      <invstOrSec>
        <name>Keurig Dr Pepper Inc</name>
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        <assetCat>EC</assetCat>
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      <invstOrSec>
        <name>Keysight Technologies Inc</name>
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        <assetCat>EC</assetCat>
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        <name>Samsung Electronics Co Ltd</name>
        <lei>9884007ER46L6N7EI764</lei>
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        <name>Kimberly-Clark Corp</name>
        <lei>MP3J6QPYPGN75NVW2S34</lei>
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        <name>L3Harris Technologies Inc</name>
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        <name>Lamar Advertising Co</name>
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        <name>Las Vegas Sands Corp</name>
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        <name>Lennar Corp</name>
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        <name>Eli Lilly &amp; Co</name>
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        <name>MGM Resorts International</name>
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        <name>Marsh &amp; McLennan Cos Inc</name>
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        <name>Marriott International Inc/MD</name>
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        <name>Microsoft Corp</name>
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        <name>Micron Technology Inc</name>
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        <name>Mondelez International Inc</name>
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        <name>Morgan Stanley</name>
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        <name>Stanley Black &amp; Decker Inc</name>
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        <name>State Street Institutional US Government Money Market Fund</name>
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        <name>TJX Cos Inc/The</name>
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        <name>Taiwan Semiconductor Manufacturing Co Ltd</name>
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        <name>Texas Instruments Inc</name>
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        <name>Thermo Fisher Scientific Inc</name>
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        <name>3M Co</name>
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        <name>TotalEnergies SE</name>
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        <name>TransDigm Group Inc</name>
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        <name>Tyson Foods Inc</name>
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        <name>US Bancorp</name>
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        <name>United Parcel Service Inc</name>
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        <valUSD>492907.180000</valUSD>
        <pctVal>0.6716936266</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Williams Cos Inc/The</name>
        <lei>D71FAKCBLFS2O0RBPG08</lei>
        <title>WILLIAMS COS INC COMMON STOCK USD1.0</title>
        <cusip>969457100</cusip>
        <identifiers>
          <isin value="US9694571004"/>
        </identifiers>
        <balance>7802.000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>331585.000000</valUSD>
        <pctVal>0.4518569423</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Yum  Brands Inc</name>
        <lei>549300JE8XHZZ7OHN517</lei>
        <title>YUM  BRANDS INC COMMON STOCK</title>
        <cusip>988498101</cusip>
        <identifiers>
          <isin value="US9884981013"/>
        </identifiers>
        <balance>2025.000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>268231.500000</valUSD>
        <pctVal>0.3655239694</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Zimmer Biomet Holdings Inc</name>
        <lei>2P2YLDVPES3BXQ1FRB91</lei>
        <title>ZIMMER BIOMET HOLDINGS INC COMMON STOCK USD.01</title>
        <cusip>98956P102</cusip>
        <identifiers>
          <isin value="US98956P1021"/>
        </identifiers>
        <balance>3802.000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>412631.060000</valUSD>
        <pctVal>0.5622998901</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Zoetis Inc</name>
        <lei>549300HD9Q1LOC9KLJ48</lei>
        <title>ZOETIS INC COMMON STOCK USD.01</title>
        <cusip>98978V103</cusip>
        <identifiers>
          <isin value="US98978V1035"/>
        </identifiers>
        <balance>900.000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>156024.000000</valUSD>
        <pctVal>0.2126167576</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Accenture PLC</name>
        <lei>5493000EWHDSR3MZWH98</lei>
        <title>ACCENTURE PLC CL A COMMON STOCK USD.0000225</title>
        <cusip>G1151C101</cusip>
        <identifiers>
          <isin value="IE00B4BNMY34"/>
        </identifiers>
        <balance>1070.000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>324648.700000</valUSD>
        <pctVal>0.4424047194</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ferguson PLC</name>
        <lei>213800DU1LGY3R2S2X42</lei>
        <title>FERGUSON PLC COMMON STOCK GBP.1</title>
        <cusip>G3421J106</cusip>
        <identifiers>
          <isin value="JE00BJVNSS43"/>
        </identifiers>
        <balance>1389.000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>268979.850000</valUSD>
        <pctVal>0.3665437597</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Linde PLC</name>
        <lei>5299003QR1WT0EF88V51</lei>
        <title>LINDE PLC COMMON STOCK</title>
        <cusip>G54950103</cusip>
        <identifiers>
          <isin value="IE000S9YS762"/>
        </identifiers>
        <balance>1362.000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>597659.220000</valUSD>
        <pctVal>0.8144411468</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Trane Technologies PLC</name>
        <lei>549300BURLR9SLYY2705</lei>
        <title>TRANE TECHNOLOGIES PLC COMMON STOCK USD1.0</title>
        <cusip>G8994E103</cusip>
        <identifiers>
          <isin value="IE00BK9ZQ967"/>
        </identifiers>
        <balance>621.000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>204265.530000</valUSD>
        <pctVal>0.2783563726</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Chubb Ltd</name>
        <lei>E0JAN6VLUDI1HITHT809</lei>
        <title>CHUBB LTD COMMON STOCK</title>
        <cusip>H1467J104</cusip>
        <identifiers>
          <isin value="CH0044328745"/>
        </identifiers>
        <balance>5646.000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1440181.680000</valUSD>
        <pctVal>1.9625619079</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TE Connectivity Ltd</name>
        <lei>894500ZRIX9K13RHXR17</lei>
        <title>TE CONNECTIVITY LTD COMMON STOCK CHF.57</title>
        <cusip>H84989104</cusip>
        <identifiers>
          <isin value="CH0102993182"/>
        </identifiers>
        <balance>2192.000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>329742.560000</valUSD>
        <pctVal>0.4493462156</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2024-08-02</ncom:dateSigned>
      <ncom:nameOfApplicant>T. Rowe Price Exchange-Traded Funds, Inc.</ncom:nameOfApplicant>
      <ncom:signature>/s/ Alan Dupski</ncom:signature>
      <ncom:signerName>Alan Dupski</ncom:signerName>
      <ncom:title>Treasurer &amp; Vice President</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
